Business

SoftBank Invests $940 Million in Nuro Startup

February 11, 2019 at 1:57 PM

Japan’s SoftBank Vision Fund has invested $940 million in Nuro.ai, a California-based startup that makes self-driving delivery vehicles.

WiTricity Buys Qualcomm’s Wireless Charging Business

February 11, 2019 at 10:54 AM

Boston-based WiTricity Corp. has acquired Qualcomm Inc.’s Halo wireless charging business for an unspecified amount.

Aurora Lands $530 Million in Funding

February 08, 2019 at 4:19 PM

Silicon Valley-based self-driving car-startup Aurora Innovation Inc. has landed $530 million in its second round of funding.

Report: Nissan Doesn’t Want to Share Its Chairman with Renault

February 07, 2019 at 8:01 AM

Nissan Motor Co. won’t support Renault SA’s suggestion that its new chairman also serve as chairman of the Japanese carmaker, a source tells Bloomberg News.

Denso Invests in Edge-Computing Startup

February 07, 2019 at 6:43 AM

Denso Corp.’s Nsitexe Inc. subsidiary has acquired an unspecified stake in Quadric.io, a Burlingame, Calif.-based startup that specializes in edge computing.

GM Offers Equity to Employees of Cruise Unit

February 07, 2019 at 12:21 AM

General Motors Co. has enabled employees of its Cruise Automation unit the ability to acquire equity in the autonomous vehicle technology startup.

Daimler, Geely Mull Deeper Alliance

February 06, 2019 at 8:42 AM

Daimler AG is in talks about broadening its relationship with China’s Geely Group, which a year ago acquired a nearly 10% stake in the German firm.

Report: VW Seeks Swedish Investors for Traton Truck IPO

February 05, 2019 at 5:37 PM

Volkswagen AG is pursuing several Swedish investment funds to become founding shareholders of Traton AG, the commercial truck company it plans to list in April, sources tell Reuters.

China’s CATL Will Supply EV Batteries to Honda

February 05, 2019 at 5:08 PM

China’s Contemporary Amperex Technology Co. Ltd. has agreed to supply Honda Motor Co. with 56 gigawatt-hours worth of batteries through 2027.

Bosch to Buy Telematics Firm

February 05, 2019 at 4:08 PM

Robert Bosch GmbH’s Service Solutions unit has agreed to purchase LAWA Solutions GmbH, a Giessen, Germany-based startup that specializes in cloud-based software for roadside assistance and repair shops.

Toyota Launches Subscription Scheme in Japan

February 05, 2019 at 11:42 AM

Toyota Motor Corp. has formed a joint venture with a Sumitomo Corp. subsidiary to launch subscription lease programs in Japan for select Toyota and Lexus models.

Startup Lucid Motors Aims to Share Its EV Tech

February 05, 2019 at 9:30 AM

Lucid Motors Inc., which aims to launch its first electric vehicle in 2020, says it is in talks to share its technology with other carmakers and plans to float an initial public offering in a few years.